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Residential Development for sale

2 Silverdale Lane, Tunbridge Wells, Kent

Removed £50,000

Property Description

Key features

  • For sale by auction
  • Office

Full description

Lot 73 - This lot is for sale by auction as lot 73 on Thursday 15th February 2018.

A Virtual Freehold Ground Floor Commercial Unit extending (GIA) to approximately 158.4 sq m (1,706 sq ft)

- Permitted Development application submitted for 3 x Two Bedroom Flats (Decision Pending)
- Parking for Two Cars and Garden
- Subject to a Commercial Lease
- Current Rent Reserved

£7,500 per annum

Long Leasehold. The property is to be held on a new lease for a term of 999 years from completion at an initial ground rent of £350 per annum.

The property is situated on the north side of Silverdale Lane. Local shops and amenites are available along Silverdale Road, with a more extensive range of facilities being accessible in Tunbridge Wells town centre. Rail services run from High Brooms Station approximately 0.4 miles to the north-east and bus services run along North Farm Road to the east. The open spaces of Grosvenor and Hilbert Park are also situated nearby.

The property comprises a ground floor commercial unit situated within a detached building arranged over ground, raised ground and first floors beneath a pitched roof.

Local Planning Authority Tunbridge Wells Borough Council.Tel 01832 permitted development application has been submitted for conversion of existing office space to provide 3 x two bedroom flats. A decision is pending. Plans are available from the auctioneers upon request, please email NB. Our clients are Freeholders. The lease will provide permission for development on site.

Ground Floor Commercial Unit - 6 Rooms, Further Room with Shower/WC GIA approximately 158.4 sq m (1,706 sq ft)

The property is subject to a Commercial Lease (outside the provisions of the 1954 Act) for a term expiring July 2020 at a current rent of £7,500 per annum.

To View
The property will be open for viewing on Tuesday 6th Februarybetween 10.00 - 10.30 a.m. This is an open viewing time with noneed to register. (Ref UD).

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.

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